DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 **Charity registration number 1194100** ## **ST PAUL'S CHURCH GORNAL** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mrs F L Clapham Mr D Astley Mr D Bell Mr H Bott Mr A Hunt Mr D Greenaway **Charity number** 1194100 **Principal address** 4 Lake Street Dudley West Midlands DY3 2AU **Independent examiner** Bache Brown & Co Limited Swinford House Albion Street Brierley Hill DY5 3EE DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 11| DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2022**_ The trustees present their annual report and financial statements for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The charity's objects are to advance the Christian faith in accordance with the statement of faith throughout the West Midlands and the UK for the benefit of the public mainly but not exclusively through the holding of prayer meetings, religious education, religious ceremonies and to provide outreach and pastoral care for the community. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** The church continued to stream services on-line to allow the services to be accessible for all. Clubs were up and running and we still continued to offer the foodbank to those in need. ## **Financial review** In the year to 31 March 2022 income was £33,427 (2021: £29,023). This includes £26,865 (2021: £23,489) from donations and £5,838 (2021: £5,534) from gift aid. Expenditure totalled £29,261 (2021: £28,980) to give a surplus for the year of £4,166 (2021: £43) and a balance carried forward on unrestricted funds of £49,706 (2021: £45,540). Cash at the year end totalled £47,781 (2021: £39,599) In the year £944 (2021: £1,410) was spent on fixed asset additions, being a new projector. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The Charity is an unincorporated charity. On 15 April 2021 the charity was registered with the Charity Commission. The trustees who served during the year and up to the date of signature of the financial statements were: Mrs F L Clapham Mr D Astley Mr D Bell Mr H Bott Mr A Hunt Mr D Greenaway Trustees are appointed for their skills set which is considered an asset to the furtherance of the objectives of the charity. On appointment trustees read the guidance issued by the Charity Commission for new trustees. - 1 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ Spiritual leadership of the church is led by the pastor. The board of trustees deals with the day to day running and decision making. The trustees' report was approved by the Board of Trustees. Mrs F L Clapham Mr D Astley **Trustee Trustee** 18 January 2023 - 2 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST PAUL'S CHURCH GORNAL** I report to the trustees on my examination of the financial statements of St Paul's Church Gornal (the charity) for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** - I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Peter Simpson MAAT FCCA FCA** Bache Brown & Co Limited Swinford House Albion Street Brierley Hill DY5 3EE Dated: 18 January 2023 - 3 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |||**Unrestricted **|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2022**|**2021**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**2**|32,703|29,023| |Charitable activities|**3**|724|-| |**Total income**||33,427|29,023| |**Expenditure on:**|||| |Charitable activities|**4**|29,261|28,980| |**Net income for the year/**|||| |**Net movement in funds**||4,166|43| |Fund balances at 1 April 2021||45,540|45,497| |**Fund balances at 31 March 2022**||49,706|45,540| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2022**_ |**Notes**
**Fixed assets**
Tangible assets
**8**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**10**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2022**
**£**
5,837
47,781
53,618
(6,062)|**£**
2,150
47,556
49,706
49,706
49,706|**2021**
**£**
5,529
39,599
45,128
(1,511)|**£**
1,923
43,617| |---|---|---|---|---| |||||45,540| |||||45,540| |||||45,540| The financial statements were approved by the Trustees on 18 January 2023 |Mrs F L Clapham|Mr D Astley| |---|---| |**Trustee**|**Trustee**| - 5 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **Charity information** St Paul's Church Gornal is an unincorporated charity which was registered with the Charity Commission on 15 April 2021. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 6 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 7 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Donations and legacies** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2022**|2021| ||**£**|£| |Donations and gifts|26,865|23,489| |Gift aid|5,838|5,534| |**Charitable activities**||| ||**Groups**|**2021**| ||**2022**|| ||**£**|**£**| |Toddlers Group|724|-| ## **3 Charitable activities** - 8 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **4 Charitable activities** ||**Church**|**Church**| |---|---|---| ||**running**|**running**| ||**costs**|**costs**| ||**2022**|**2021**| ||**£**|**£**| |Staff costs|15,628|15,711| |Depreciation and impairment|717|641| |Visiting preachers|194|-| |Music & worship|498|962| |Gifts to missions|3,343|200| |Vineyard Churches|250|300| |Supplies (food/toiletries)|144|-| |Meals for youth|135|-| ||20,909|17,814| |Share of support costs (see note 5)|6,790|10,254| |Share of governance costs (see note 5)|1,562|912| ||29,261|28,980| ## **5 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Light, heat & water
1,301
-
Insurance
1,286
-
Repairs & maintenance
2,049
-
Travel & subsistence
439
-
Telephone
476
-
Office supplies
194
-
Miscellaneous
865
-
Bank charges
36
-
Zoom
144
-
Legal and professional
-
1,562
6,790
1,562
Analysed between
Charitable activities
6,790
1,562|**2022**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
1,301
2,209
-
1,286
456
-
2,049
6,048
-
439
-
-
476
490
-
194
-
-
865
955
-
36
(17)
-
144
113
-
1,562
-
912
8,352
10,254
912
8,352
10,254
912|**2021**
**£**
2,209
456
6,048
-
490
-
955
(17)
113
912
11,166
11,166| |---|---|---| Governance costs includes payments of £750 + VAT (2021: £750 + VAT) for Independent Examiners fees - 9 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. One of the trustees was paid for their role as Pastor of the church and not for being a trustee. ## **7 Employees** The average monthly number of employees during the year was: ||**2022**|**2021**| |---|---|---| ||**Number**|**Number**| |Pastor of the church|1|1| |**Employment costs**|**2022**|**2021**| ||**£**|**£**| |Wages and salaries|15,300|15,397| |Social security costs|-|(91)| |Other pension costs|328|405| ||15,628|15,711| There were no employees whose annual remuneration was more than £60,000. ## **8 Tangible fixed assets** |**Tangible fixed assets**|| |---|---| ||**Fixtures and fittings**| ||**£**| |**Cost**|| |At 1 April 2021|3,296| |Additions|944| |At 31 March 2022|4,240| |**Depreciation and impairment**|| |At 1 April 2021|1,373| |Depreciation charged in the year|717| |At 31 March 2022|2,090| |**Carrying amount**|| |At 31 March 2022|2,150| |At 31 March 2021|1,923| - 10 - DocuSign Envelope ID: 462CCDB3-B055-49C3-8644-2B097DDD2652 ## **ST PAUL'S CHURCH GORNAL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **9 Debtors** |**Debtors**||| |---|---|---| |**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2022**
**£**
5,725
112
5,837|**2021**
**£**
5,529
-| |||5,529| ## **10 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |Other taxation and social security
Other creditors
Accruals and deferred income|**2022**
**£**
245
4,017
1,800
6,062|**2021**
**£**
-
611
900| |||1,511| ## **11 Related party transactions** ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: Mrs F L Clapham is a director and a shareholder of CKCA Limited. During the year preparation of payroll costs of £417 (2021: none) were invoiced to the charity by CKCA Limited. - 11 -